BlackRock Health Sciences Term Trust (NYSE:BMEZ) Sees Large Drop in Short Interest

BlackRock Health Sciences Term Trust (NYSE:BMEZ) saw a significant drop in short interest in December. As of December 31st, there was short interest totalling 48,200 shares, a drop of 61.2% from the December 15th total of 124,200 shares. Based on an average daily volume of 365,000 shares, the short-interest ratio is currently 0.1 days.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. Brown Brothers Harriman & Co. bought a new stake in BlackRock Health Sciences Term Trust in the third quarter worth about $32,000. K2 Principal Fund L.P. bought a new stake in BlackRock Health Sciences Term Trust in the third quarter worth about $158,000. Dakota Wealth Management raised its position in BlackRock Health Sciences Term Trust by 23.4% in the third quarter. Dakota Wealth Management now owns 22,509 shares of the company’s stock worth $357,000 after acquiring an additional 4,267 shares during the period. Jane Street Group LLC bought a new stake in BlackRock Health Sciences Term Trust in the third quarter worth about $357,000. Finally, Brown Lisle Cummings Inc. raised its position in BlackRock Health Sciences Term Trust by 6.2% in the third quarter. Brown Lisle Cummings Inc. now owns 36,513 shares of the company’s stock worth $578,000 after acquiring an additional 2,128 shares during the period.

BlackRock Health Sciences Term Trust Price Performance

BMEZ opened at $15.25 on Thursday. The company’s 50-day moving average is $15.29 and its 200 day moving average is $15.58. BlackRock Health Sciences Term Trust has a fifty-two week low of $14.27 and a fifty-two week high of $16.59.

BlackRock Health Sciences Term Trust Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Friday, January 31st. Investors of record on Wednesday, January 15th will be given a dividend of $0.1782 per share. This represents a $2.14 dividend on an annualized basis and a dividend yield of 14.02%. The ex-dividend date is Wednesday, January 15th.

About BlackRock Health Sciences Term Trust

BlackRock Health Sciences Trust II’s (BMEZ) (the ‘Trust’) investment objective is to provide total return and income through a combination of current income, current gains and long-term capital appreciation. The Trust seeks to achieve its investment objective by investing, under normal market conditions, at least 80% of its total assets in equity securities of companies principally engaged in the health sciences group of industries and equity derivatives with exposure to the health sciences group of industries.